1、 Price trend

According to the data from the business club’s bulk list, the price trend of TDI market continued to rise this week. The average price in East China at the weekend was 11166.67 yuan / ton, up 2.76% compared with 10866.67 yuan / ton at the beginning of the week, and 21.18% lower than that of last year.

2、 Market analysis

During the week, the domestic TDI market was relatively strong, and the suppliers released good news to drive domestic demand to replenish their positions. The overall offer of the industry went up, and the attitude of supporting the market was obvious. After BASF announced that there was force majeure in the TDI device with an annual output of 160000 tons / year in the United States, it further supported the export, and the good news continued, and the domestic TDI market price went up. As of the 31st, the East China market quoted 11200-11500 yuan / ton for domestic goods with bills, and 11400-11600 yuan / ton for Shanghai goods with bills; the center of gravity of the North China market was up, the market was warm, and the offer was high, and the downstream inquiry intention was increased; the strength of South China market was on the rise, and the industry’s mentality was improving, and more exploratory high-level offers were made.

This week, the market of toluene rose steadily, the focus of market negotiation was relatively gentle, the port inventory was high, the progress of destocking was slow, the downstream demand of toluene was not high, the negotiation atmosphere was not active, sporadic vendors’ offer and shipment were still low-end, which had limited support for the toluene Market; as of the 31st, the domestic average price was about 3360 yuan / T, up 0.60% month on month compared with last week, and it is expected that the domestic toluene market will be small in the future Volatility.

3、 Future forecast

According to the analysis of the Data Engineer of the business agency, this week, the domestic TDI market is relatively strong, the supplier’s attitude to support the market is obvious, the market offer is high, the downstream factory orders are restored, and the demand for Ti has increased, which helps the domestic TDI market to rise. The good news is constantly on the rise. It is expected that the TDI market will continue the upward trend in the future, and pay attention to the news of the downstream market.